Mr Kim was last seen at his home at Cannon Hill in Brisbane's south-east on Monday. (Supplied: Qld Police Service)

7pm TV News QLD

Queensland police have found the body of a missing South Korean man in a shallow grave on a property in Brisbane's south-west.

Officers had swarmed the property on Dakar Road, at Algester, in the search for 28-year-old Min Tae Kim, who was reported missing on Monday.

He was last seen at his home at Cannon Hill in Brisbane's south-east on Monday, and his flatmate has told police Mr Kim had arranged to exchange $15,000 for Korean currency with someone he met online on the afternoon he disappeared.

Police have confirmed that Kim's family have been informed of his death.